Jim Cramer Says He'd Be a Seller of Jos. A. Bank and Men's Wearhouse

Jim Cramer says he would be a seller of both Men's Wearhouse and Jos. A. Bank because of the Eddie Bauer deal.

TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says Jos. A. Bank has essentially taken a poison pill by announcing it will buy Eddie Bauer for $825 million in a cash and stock deal. Cramer says Jos. A. Bank's original idea to team up with Men's Wearhouse made sense but Eddie Bauer does not. Cramer says he would be a seller of both Men's Wearhouse and Jos. A. Bank if the deal holds.